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    Lake Mills, IA
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    Lake Mills, IA Apartment Buildings for Sale

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    Northwood, IA Forest City, IA Kiester, MN Thompson, IA Walters, MN Glenville, MN Albert Lea, MN Bricelyn, MN
    8-Unit Apartment Building
    Updated: Jun 5
    8-Unit Apartment Building

    207 S Lake Street, Lake Mills, IA 50450

    $150,000
    0.20 AC lot
    8 apartments with 6 one‑bedroom units and 2 two‑bedroom units
    Several units feature newer flooring and paint
    0.2‑acre lot at 207 S Lake Street, Lake Mills, IA 50450
    Vinyl siding construction
    Hot water heating
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    8-Plex Residential Income Property
    Updated: Jun 5
    8-Plex Residential Income Property

    207 S Lake St, Lake Mills, IA 50450

    $150,000
    8‑plex rental property built in 1880
    Unit mix includes 6 one‑bedroom apartments and 2 two‑bedroom apartments
    Select units have newer flooring and paint updates
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Lake Mills, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Downtown Building
    Mixed-Use Downtown Building

    40 Downtown Plaza, Fairmont, MN 56031

    Contact for pricing
    7,200 sqft

    Two-story concrete and brick building with a main-level nail salon, warehouse/flex space, and second-floor apartments.

    View details
    City Side Estates Apartments
    City Side Estates Apartments

    600 Burton Lane, Fairmont, MN 56031

    Contact for pricing
    36,840 sqft

    36-unit apartment complex in Fairmont, MN, with 19 garages.

    View details
    11-Unit Apartment Building
    11-Unit Apartment Building

    905 E 5th Street, Blue Earth, MN 56013

    $419,900
    0.60 AC lot

    Mixed apartment layouts feature individual utility metering, resident parking, and seller-owned coin laundry.

    View details
    Value-Add Apartment Opportunity
    Value-Add Apartment Opportunity

    830 Moore St., Blue Earth, MN 56013

    Contact for pricing
    19,200 sqft 0.97 AC lot

    Apartment complex with value-add potential in Blue Earth, Minnesota.

    View details

    Lake Mills, IA Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Lake Mills, IA on our real estate platform.

    Sale prices for two-family homes in Lake Mills, IA average $150,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 3,001
    Population Growth (5Y) +10.9%
    Median Household Income $76,522
    College Educated 23.2%

    High-Yield Neighborhoods for Investment

    Identify Lake Mills submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    50450 $150K

    Taxes & Financing

    Tax Rate (average for all types) 2.47%
    Property Tax per SF $24.95 per SF
    Tax Rate vs County Average 0.26 pp above county avg
    Average Loan-to-Value 65.0%

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